Economics at your fingertips  

Gated Community Premiums and Amenity Differentials in Residential Subdivisions

Evgeny Radetskiy (), Ronald W. Spahr () and Mark A. Sunderman ()
Additional contact information
Evgeny Radetskiy: University of Memphis
Ronald W. Spahr: University of Memphis
Mark A. Sunderman: University of Memphis

Journal of Real Estate Research, 2015, vol. 37, issue 3, 405-438

Abstract: We use hedonic models to examine price differences between single family homes in gated communities and a matched sample in non-gated communities in Shelby County, TN. Controlling for idiosyncratic attributes; we find that homes in gated communities carry significant price premiums relative to similar homes in non-gated communities. Price premiums are highest for medium size gated communities; whereas, premiums were also evident in higher priced gated communities before 2008, but vanished after the financial crisis. Gated communities offer homeowners additional hedonic attributes but usually have higher infrastructure and service costs. Thus price premiums result from net benefits of gated communities.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().

Page updated 2019-05-25
Handle: RePEc:jre:issued:v:37:n:3:2015:p:405-438